What is Subject 2?
What is Subject 2?
Subject 2 is acquiring real property using the existing mortgage in place, in which the buyer takes the title or a deed to a mortgaged piece of property, but does not have their name on the mortgage.
This strategy is one of the most sought after techniques used by real estate investors and Roger goes into detail on how to do this the right way. With the techniques in this book, you can help people when they can no longer afford their property or do not have enough equity to list and sell with a real estate company. At the same time, you can build your wealth and legacy.
Learn How
You can open up a new world in your real estate investing career.
Ultimately, you can afford to acquire a property with less equity because there is no down payment and the closing costs are much lower.
This technique can be very rewarding because with the right information, you can market yourself, learn the “why” of the seller and maintain the right relationship with mortgage and insurance companies. Without the correct strategies, it can be very difficult to deal with all the parties involved.
Strategies to Uncover
How not to lose money because of lack of knowledge. Strategies to build your portfolio in record time!
- How to find properties
- Why would someone be motivated to walk away from their equity?
- How to let them know you are going to solve their problem
- How to build common ground, build rapport
- What open ended questions to ask to find their why
- What to say to get them to make at least one more payment
- What documents and information you will need to get from the seller
- How to work with the mortgage company
- How to structure the property insurance
- What is the due on sale clause and how do you work with this
- When does the deal make sense
- How to structure the deal
- Exit Strategies that you will need to know
- How to determine your cost to acquire the property
